DATOMS, an industrial IoT platform for enterprises and OEMs, has announced that it raised Rs 25 crore, or about $2.76 million, in a Series A funding round led by Vietnam-based investment firm Big Capital JSC.
The round also saw participation from Indian venture capital firm IvyCap Ventures and a follow-on investment from YourNest Venture Capital.
The startup had earlier raised Rs 3.5 crore in a pre-Series A round last summer with participation from Operators Studio and APT Research. Ridik Capital, Warmup Ventures, and BeyondSeed are among existing investors that backed the startup in previous rounds.
Founded in 2021 by NIT Rourkela alumnus Amiya Samantaray, Asish Sahoo, Nataraj Sahoo, and Amrit Biswal, DATOMS provides a unified intelligence layer that turns physical machines into connected and trackable assets across their full lifecycle. The platform allows enterprises and OEMs to connect machines, monitor performance in real time, predict failures, improve energy use, and manage service operations across stakeholders.
The startup said that it addresses a key challenge in industrial operations where machine data remains scattered across OEMs, enterprises, service partners, dealers, and financiers. This fragmentation forces organisations to operate reactively and limits visibility into overall machine performance and lifecycle outcomes.
The statup will use the latest funding to strengthen product and technology, expand into new markets, and build teams across engineering, data science, operations, and enterprise sales. It will also enhance its AI and analytics capabilities, improve automation features, and accelerate development of predictive maintenance, performance optimisation, and energy management solutions.
“We believe the next decade belongs to intelligent machines. This funding accelerates our mission to transform industrial assets into connected, self-aware systems that deliver measurable business outcomes. This investment validates our vision of turning connected machines into intelligent economic participants,” said Amiya Samantaray, Founder and CEO.
Vikram Gupta, Founder & Managing Partner, IvyCap Ventures said, “We are pleased to support DATOMS as it scales its Industrial IoT and AI-driven platform for asset-intensive industries. The team has shown strong execution in building solutions that enhance efficiency, optimize performance, and unlock measurable value. We look forward to partnering with them as they expand their capabilities and market presence.”
The startup also partners with OEMs to integrate its platform into machines, enabling monitoring throughout the asset lifecycle.
Source: www.indianstartupnews.com